Industry Analysis & Industry Trends
Heat sensitive
Traditionally, the Thermal Imaging Equipment Manufacturing industry has relied on the federal government for the majority of its demand. However, as government entities cut back spending and innovative and lower-priced products emerge, the industry will look to new markets to sustain demand and bolster revenue growth. Furthermore, demand from local and state government clients is expected to steadily increase, as clients invest in thermal imaging products for law enforcement personnel, fire fighters and search and rescue operations teams.... purchase to read more
Industry Report - Industry Key Buyers Chapter
This industry has a low level of market share concentration. The top four players account for an estimated 26.0% of revenue in 2012. The market for thermal imaging equipment is highly competitive, where large and niche players compete on the basis of continued product innovation. Over the past five years, the industry has experienced a high level of acquisition activity as firms seek to increase market share. The industry is characterized by a relatively stable number of players and most are outsourcing production to low-cost countries. IBISWorld projects industry consolidation will increase in the five years to 2017... purchase to read more